LiqTech International, Inc. Receives A USD $660,000 System Order For The Removal Of Heavy Metals For A Marine Application
BALLERUP, Denmark, March 10, 2015 /PRNewswire/ -- LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the Company has received a USD $660,000 purchase order for two systems based on the company's SiC membranes which is expected to be delivered in the second quarter-2015. These orders are the second and third orders from Yara Marine Technologies this year.
Mr. Sune Mathiesen, LiqTech CEO, remarked, "Earlier this year we announced the first order from this customer. These new orders mark a commercial breakthrough for our products in the treatment of wet scrubber wastewater containing heavy metals in marine applications. Our ceramic membranes offer a unique solution in removing heavy metals from wastewater. This solution is able to process large volumes of water and offers lower operating and capital expenses compared to other technologies. Over the past 6 months we have been promoting our systems for this application on-shore and off-shore. We are starting to see results from our efforts and we will continue to intensify our sales efforts in this environmentally important application."
"Yara Marine Technologies and LiqTech have entered into a supply agreement for future installations of LiqTech SiC membrane systems for the Yara Marine Technologies exhaust gas cleaning systems. Our systems have been incorporated into the Yara Marine Technologies systems and we expect to see several more orders for delivery this year," Mr. Mathiesen concluded.
ABOUT YARA INTERNATIONAL, INC.
Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority.
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology company that decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech's products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visit www.liqtech.com.
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Forward-Looking Statements
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
CONTACT:
Wolfe Axelrod Weinberger Associates LLC Stephen D. Axelrod, CFA / Donald C. Weinberger (212) 370-4500, (212) 370-4505 fax
[email protected], [email protected]
SOURCE LiqTech International, Inc.
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